SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Cove Street Capital, LLC

CIK 0001531612 · 525 SOUTH DOUGLAS STREET, SUITE 225, EL SEGUNDO, CA, 90245 · 424-221-5897

Reported Value
$358M
Q3 2022
Positions
112
Filings on Record
29
2019–present window
Filed
Nov 8, 2022
original filing

Summary

Cove Street Capital, LLC reported $358M in U.S.-listed holdings across 112 positions for Q3 2022.

Its largest position, Viasat, represents 5.5% of the portfolio.

Compared with Q2 2022, the fund opened 5 new positions and exited 9.

Portfolio Metrics

Turnover
+5.9%
vs prior filed quarter
Top-10 Concentration
+32.9%
share of reported value
Largest Position
+5.5%
Viasat
New / Exited
5 / 9
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $773MQ4 ’18Q1 ’19: $817MQ2 ’19: $775MQ3 ’19: $715MQ3 ’19Q4 ’19: $756MQ1 ’20: $488MQ2 ’20: $505MQ2 ’20Q3 ’20: $528MQ4 ’20: $565MQ1 ’21: $698MQ1 ’21Q2 ’21: $691MQ3 ’21: $674MQ4 ’21: $571MQ4 ’21Q1 ’22: $565MQ2 ’22: $397MQ3 ’22: $358MQ3 ’22Q1 ’23: $335,356Q3 ’23: $296MQ4 ’23: $327MQ4 ’23Q1 ’24: $316MQ4 ’24: $86MQ1 ’25: $64MQ1 ’25Q2 ’25: $68MQ3 ’25: $77Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 63.4%Other: 34.9%Tracking Stk: 1.5%REIT: 0.1%PUBLIC: 0.1%
  • Common Stock · 63.4% · $227M
  • Other · 34.9% · $125M
  • Tracking Stk · 1.5% · $5M
  • REIT · 0.1% · $333,000
  • PUBLIC · 0.1% · $306,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CARGCarGurus IncNEW+171.7K171.7K+$2M$2M
GXO Logistics IncNEW+26.8K26.8K+$939,000$939,000
ISSCInnovative SolutionsNEW+1.0K1.0K+$9,000$9,000
ALJ Regional Holdings IncNEW+4.2K4.2K+$8,000$8,000
BUKSButler National CorporationNEW+3.0K3.0K+$2,000$2,000
WBDWarner Bros Discovery IncADDED+278.4K308.9K+$3M$4M
CTOCTO Realty Growth IncADDED+11.9K17.8K−$29,000$333,000
AZZAZZ IncSOLD OUT−195.6K0−$8M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2022

33 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Viasat IncCOM8.20%$29M970.5K
2ECVTEcovyst Inchistory →COM6.85%$25M2.90M
3Compass Minerals InternationalCOM5.84%$21M542.8K
4White Mountains Insurance GroupCOM5.69%$20M15.6K
5LDELandec Corporationhistory →COM4.69%$17M1.89M
6LGF/BEURLions Gate Entertainment Corporationhistory →COM3.40%$12M1.75M
7K6BKBR Inchistory →COM3.35%$12M277.2K
8Heritage-Crystal Clean IncCOM3.30%$12M399.7K
9SNEXStoneX Group Inchistory →COM3.15%$11M136.0K
10SSPE.W. Scripps Companyhistory →COM3.09%$11M982.4K
11NEUNewMarket Corporationhistory →COM2.60%$9M30.9K
12CLMBWayside Technology Group Inchistory →COM2.52%$9M334.9K
13Six Flags Entertainment CorporationCOM2.30%$8M465.5K
14Viemed Healthcare IncCOM2.08%$7M1.24M
15UFPTUFP Technologies Inchistory →COM1.94%$7M80.9K
16ENOVEnovis Corporationhistory →COM1.94%$7M150.5K
17DCODucommun Inchistory →COM1.77%$6M160.0K
18CNXCNX Resources Corporationhistory →COM1.76%$6M404.8K
19CVLTCommvault Systems Inchistory →COM1.53%$5M102.9K
20Liberty SiriusXM Group - ACOM1.51%$5M141.9K
21Millicom International CellularCOM1.36%$5M428.1K
22SKAASkechers U.S.A. Inc CL Ahistory →COM1.31%$5M147.9K
23FMCFMC Corporationhistory →COM1.27%$5M42.9K
24Axalta Coating Systems LtdCOM1.04%$4M176.0K
25WBDWarner Bros Discovery IncCOM0.99%$4M308.9K
26HNRGHallador Energy CompanyCOM0.98%$3M622.1K
27SXIStandex International CorporationCOM0.93%$3M40.8K
28BRK/BBerkshire Hathaway Inc CL BCOM0.93%$3M12.4K
29Chase CorporationCOM0.93%$3M39.8K
30RSSSResearch Solutions IncCOM0.90%$3M1.58M
31DLH Holdings CorporationCOM0.90%$3M261.9K
32FNVFranco-Nevada CorporationCOM0.86%$3M25.8K
33Liberty TripAdvisor Holdings IncCOM0.76%$3M2.48M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$77M96Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$68M97Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$64M98May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$86M94Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024Under review99Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024Under review84Jul 18, 202413F-HRchanges · EDGAR ↗
Q1 2024$316M105May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$327M103Feb 14, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2023$296M113Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023Under review113Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$335,356116May 5, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review113Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$358M112Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$397M118Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$565M122May 2, 202213F-HRchanges · EDGAR ↗
Q4 2021$571M126Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$674M125Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$691M123Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$698M120May 25, 202113F-HRchanges · EDGAR ↗
Q4 2020$565M114Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$528M111Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$505M112Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$488M135May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$756M135Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$715M128Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$775M129Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$817M128May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$773M130Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.